Industrial Machinery company Dynamatic Technologies announced Q1FY26 results Revenue of Rs 3,709.3 million; up by 7.1% from Rs 3,462.8 million in Q1FY25. EBITDA of Rs 377.8 million; down by 5.7% from Rs 400.5 million in Q1FY25. EBITDA margin of 10.2%; down by 138 bps. EBIT of Rs 192.9 million; down by 15.1% from Rs 227.2 million in Q1FY25. EBIT margin of 5.2%; down by 136 bps. PAT stood at Rs 107.7 million as against Rs 113.9 million in Q1FY25; down by 5.4% Udayant Malhoutra, CEO and Managing Director said: AEROSPACE: The Aerospace segment continued to be the leading contributor to your Company’s revenues this quarter. It remains at the forefront of our operations and consistently delivers superior margins, reinforcing its role as a cornerstone of our business. We are seeing increased volumes in both the Airbus A320 family and A330 programs, aided by a normalizing supply chain that has improved delivery timelines. The Airbus A220 doors project is progressing well, with assembly for First Article Inspection (FAI) now underway. The Boeing P8 and F15 programs continue at a steady pace. Hydraulics: The India Hydraulics segment experienced higher demand across all customer segments—tractor OEMs, industrial, and aftermarket—during the quarter. To meet this growing demand, we have expanded capacity in India and are now delivering higher volumes of pumps. Sales of tractors and construction equipment remain steady. In contrast, our UK business faced headwinds due to lower customer demand. We are in the final stages of rationalizing our product lines between the Bangalore and Swindon facilities, focusing on operational efficiency and strengthening margins. Metallurgy: The Metallurgy segment remains under pressure due to ongoing weakness in the German automotive sector and broader geopolitical uncertainties. We have implemented several cost-reduction measures to maintain lean operations. At the same time, we are making strategic progress in diversifying into aerospace and defense applications, with prototype development and initial testing of defense components underway. While the shift is gradual given the nature of the business, this geographic and sectoral transformation is inevitable. Result PDF
Industrial Machinery company Dynamatic Technologies announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue of Rs 3,614.2 million; up by 3.0% from Rs 3,509.0 million in Q2FY24. Aerospace segment revenue of Rs 1,482.9 million; up by 14.9% from Rs 1,290.2 million. Hydraulics segment revenue of Rs 1,305.8 million; up by 28.3% from Rs 1,018.0 million. Metallurgy segment revenue of Rs 825.0 million; down by 31.3% from Rs 1,200.4 million. EBITDA of Rs 410.4 million; up by 5.6% from Rs 388.7 million in Q2FY24. EBITDA margin of 11.4%; up by 3 bps. EBIT of Rs 232.7 million; up by 1.5% from Rs 229.3 million in Q2FY24. EBIT margin of 6.4%; down by 1 bps. PAT stood at Rs 120.3 million as against Rs 36.5 million in Q2FY24 (excluding one time gain of Rs 84.5 million) up by 229.6% H1FY25 Financial Highlights: Revenue of Rs 7,077.0 million; down by 0.8% from Rs 7,134.1 million in H1FY24. Aerospace segment revenue of Rs 2,841.4 million; up by 21.6% from Rs 2,335.8 million. Hydraulics segment revenue of Rs 2,496.9 million; up by 14.8% from Rs 2,175.1 million. Metallurgy segment revenue of Rs 1,737.6 million; down by 33.8% from Rs 2,622.8 million. EBITDA of Rs 810.9 million; up by 6.9% from Rs 758.7 million in H1FY24. EBITDA margin of 11.5%; up by 82 bps. EBIT of Rs 459.9 million; up by 4.5% from Rs 440.3 million in H1FY24. EBIT margin of 6.5%; up by 33 bps. PAT stood at Rs 234.2 million as against Rs 103.9 million in H1FY24 (excluding exceptional income of Rs 176.3 million and one time gain of Rs 254.4 mn); up by 125.4%. Udayant Malhoutra, CEO and Managing Director said: AEROSPACE: Aerospace segment continued to be the leading contributor to your Company’s revenues during this quarter as well. This division maintained its position at the forefront of our operations and also continues to deliver superior margins, reinforcing its role as a cornerstone of our business. However, major industry players are currently confronting new supply chain challenges including everything from securing their most critical materials to ensuring part and component deliveries. While many companies have begun working to balance supply chain resilience with efficiency, customer supplied parts shortages and delivery delays, shipping costs, and sourcing concerns are likely to continue impacting the industry, putting supply chain visibility at the forefront for the year ahead. This disruption, while temporary, has caused a momentary flatlining across the entire aerospace industry, despite a very robust order book. As previously mentioned, the company has secured substantial orders with the potential to double our aerospace business within the next 30 months. During this flatline period, we are strategically focusing on industrializing these programs to ensure smooth execution and scalability. HYDRAULICS: During the quarter, the Hydraulics segment achieved a strong year-over-year increase of 30%, driven by a favorable monsoon season that has buoyed the agricultural sector and increase in volumes for both UK and India, and margins are now recovering. Our strategy focuses on rationalizing product lines between the Swindon and Bangalore facilities to enhance long-term customer satisfaction and financial performance. This involves growing our aftermarket share, improving operational efficiencies, and leveraging value engineering to boost margins. METALLURGY: This segment remained under pressure due to the industrial weakness including the weak global economy, low domestic demand, a generally uncertain global situation and the reduced competitiveness of German industry due to higher energy and material costs, higher wages and ancillary costs and the appreciation of the euro. However, the strong technical capabilities are enabling this subsidiary to transition into aerospace and defence business. We have delivered sample defence parts to end-customers for testing and expect to start business during second half of the year. Result PDF